Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Disney yet to get nod for park in Shanghai
+ -
08:39, August 10, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Disney yet to get nod for park in Shanghai
 Mayor: Shanghai to cool soaring property prices
 Disney reports diluted earnings
 New home sales may fall 10% in Shanghai
 Maintaining monetary policy top priority in Shanghai
 Comment  Tell A Friend
 Print Format  Save Article
Plans to build a Disneyland in this eastern city are yet to be approved by the central government, despite Disney and local authorities reaching a broad consensus on the theme park.

The municipal government has kept close watch on the theme park project, said Liu Zhengyi, the newly elected vice-head of Shanghai's Pudong New Area.

However, the "very important tourism project" has yet to get the nod from top authorities, and the local government does not have the authority to approve it.

The investment in the theme park could reach tens of billions of yuan, the Pudong's head Jiang Liang said on Saturday.

The official's comments were similar to what Robert A. Iger, president and CEO of the Walt Disney Company, said in May during a quarterly earnings report announcement that the company was waiting for a response from the Chinese government.

The Walt Disney company could not be reached for comment Sunday.

In this January, a Wall Street Journal report said the United States-based entertainment giant was working with the Shanghai government to construct a $3.5-billion ($512 million) theme park, in which Disney planned to hold a 43 percent stake.

The report said the project is estimated to be built by 2014 and will be situated on the east bank of Shanghai's Huangpu River, bordering Chuansha town of the 1,210-sq-km Pudong New Area.

Speculation of a Disneyland in Shanghai has been circulating for years and previous media reports said 10 sq km of land has been reserved for the resort.

Source: Xinhua



  Your Message:   Most Commented:
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad
Public angered by Turkish PM's 'genocide' accusation
Is Washington playing a deeper game with China?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90782/90875/6722844.pdf